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Unilever Wagers Billions on India’s Economic Revival: Retail

In 1888, when Queen Victoria ruled India, the company that would become Unilever decided the country was the future. More than a century on, it’s staking $5.4 billion that it still is.

The Anglo-Dutch maker of Dove shampoo and Lipton tea, successor to one of the first multinationals in India, plans to spend as much as 292 billion rupees ($5.4 billion) to increase its control over Indian unit Hindustan Unilever Ltd.